奔跑财经-FinaceRun

Strategy invested $1 billion last week to increase its BTC holdings, Bitmine recorded the largest single-week purchase of ETH in months

According to a post on the X platform by Michael Saylor, co-founder of Strategy, last week, Strategy purchased approximately 13,927 bitcoins with about $1 billion in funds, with an average purchase cost of about $71,902 per coin.

It is noteworthy that the previous two purchases of BTC by Strategy were 1,031 coins and 4,871 coins, respectively, and this increase far exceeds the sum of the previous two, highlighting the significance of this increase.

This transaction pushed the company's total bitcoin holdings to over 780,000 coins, reaching 780,897 coins, with a total investment cost nearing $60 billion, currently valued at about $59.2 billion.

Despite the market crash in early February, the company's bitcoin position has remained below the average cost line of $75,577. However, at current prices, about 6.3% of the large bitcoin holdings are in a loss position.

However, Saylor claimed in another post that the breakeven point for Strategy's bitcoin investment is only 2.05%, and if the long-term increase in bitcoin exceeds this figure, the company will be able to maintain dividend payments without issuing MSTR stock.

Meanwhile, another company with ETH as its core reserve, Bitmine, is also maintaining a weekly increase, having added 71,524 ETH in the past week, the largest single-week increase since the end of December 2025.

Overall, despite the continued consolidation in the cryptocurrency market over the past few months, institutions have not retreated due to short-term price fluctuations but instead accelerated their accumulation during the market adjustment phase.

If geopolitical conflicts worsen and prices continue to decline, whether the leveraged models relied upon by institutions can be sustained remains a point of continuous attention for investors. This is because tracking the layout trends of these institutional whales often provides more meaningful reference than blindly predicting short-term market trends.

#Strategy #机构吸筹

The easing of the US-Iran situation has spurred a market rebound, with Bitcoin approaching $75,000

Influenced by the news of the easing US-Iran situation, market risk aversion has significantly cooled, leading to a collective rebound in risk assets. Bitcoin has risen sharply, nearing $75,000, reaching a new high in nearly a month.

Analysts believe that as the geopolitical conflict in the Middle East de-escalates, market concerns about sudden risks have eased, creating a relatively loose external environment for the cryptocurrency market, which is an important driver for Bitcoin's short-term strength.

According to US Vice President JD Vance, significant progress has been made in US-Iran negotiations. He also hinted this week that the outcome of the final negotiations will depend on Iran's side, and he anticipates that both sides will move towards reopening the Strait of Hormuz.

The positive signals from this geopolitical situation not only boosted Bitcoin's rise but also led to a rebound in the entire cryptocurrency market, adding over $100 billion to the total market capitalization of the entire industry.

It is worth noting that the performance of some mainstream altcoins, such as Ethereum, has even exceeded that of Bitcoin, indicating a significant warming of market sentiment in the short term.

However, some analysts claim that Bitcoin's recent rise may not necessarily indicate an improvement in fundamentals, but rather could be due to the previous market decline being too steep, causing everyone to be "overly pessimistic." This rise may just be a technical rebound and not a true market reversal.

Overall, although the easing of geopolitical tensions provides short-term positive support for the cryptocurrency market, it is essential for the market to remain vigilant against potential risks such as geopolitical fluctuations and regulatory negotiations that could change, maintaining rationality during rapid upward trends and avoiding excessive chasing of highs.

#比特币 #价格分析

The US BTC spot ETF saw a total net outflow of $291 million on Monday, while the ETH ETF recorded a daily net inflow of $9.44 million.

On April 14, according to the latest data from SoSovalue, the US BTC spot ETF recorded a total net outflow of $291 million yesterday, marking the first day of net outflow for the week;

Among them, Fidelity FBTC and Ark 21Shares ARKB recorded the highest and second highest net outflows yesterday, with $229 million (approximately 3,140 BTC) and $62.89 million (862.73 BTC), respectively;

Grayscale's GBTC and BTC and VanEck HODL recorded net outflows of $38.25 million (524.74 BTC), $11.03 million (151.38 BTC), and $2.58 million (35.35 BTC) in a single day;

It is worth noting that BlackRock IBIT, Bitwise BITB, and Morgan Stanley MSBT recorded single-day net inflows of $34.70 million (476.06 BTC), $11.88 million (162.92 BTC), and $6.28 million (86.14 BTC), respectively;

As of now, the total net asset value of the Bitcoin spot ETF is $94.51 billion, accounting for 6.45% of the total market capitalization of Bitcoin, with a cumulative total net inflow of $56.45 billion.

On the same day, the US Ethereum spot ETF recorded a net inflow of $9.44 million, marking the third consecutive day of net inflow;

Among them, BlackRock ETHB, Grayscale ETH, and Fidelity FETH recorded net inflows of $5.78 million (approximately 2,570 ETH), $5.15 million (approximately 2,290 ETH), and $3.93 million (approximately 1,750 ETH), respectively;

Meanwhile, BlackRock ETHA and 21Shares TETH recorded net outflows of $4.07 million (approximately 1,810 ETH) and $1.35 million (599.06 ETH) in a single day;

As of now, the total net asset value of the Ethereum spot ETF is $12.98 billion, accounting for 4.77% of the total market capitalization of Ethereum, with a cumulative total net inflow of $11.68 billion.

#比特币ETF #以太坊ETF

Trump signs $2.5 trillion U.S. economic stimulus bill? Investors should be wary of short-term sentiment speculation

According to market news, U.S. President Trump has just signed a massive U.S. economic stimulus bill that will inject $2.5 trillion in liquidity into the market over the next year, which may provide a strong boost to the global financial markets.

Although this news will undoubtedly create short-term positive sentiment in the market, no official confirmation has yet been released.

From a policy perspective, such a large-scale economic stimulus plan must go through congressional review procedures before it can be signed into effect by the president, so the authenticity of this news is questionable;

Even assuming Trump indeed forces the policy into effect through a presidential order, large-scale fiscal spending may temporarily boost stock market asset valuations, but it will also exacerbate the U.S. fiscal deficit and inflationary pressures, potentially overextending the market's long-term growth momentum.

For the cryptocurrency market, such news serves more as a short-term sentiment catalyst. Investors need to be cautious about the volatility risks brought by speculative news and should return to the fundamentals to rationally assess the true trends in the market.

#刺激政策 #市场情绪

In the past 24 hours, the total liquidation across the network reached $532 million, with short positions suffering the most severe losses.

According to Coinglass data, a large-scale liquidation phenomenon occurred in the cryptocurrency market within the last 24 hours, with the total liquidation amount reaching $532 million.

Among these liquidations, the short position liquidations accounted for the majority, reaching $428 million, while long position liquidations amounted to $104 million, showing that the severe fluctuations in market conditions have had a greater impact on short investors.

From the perspective of specific cryptocurrencies, Bitcoin and Ethereum, as mainstream cryptocurrencies in the market, have particularly noteworthy liquidation situations. Among them, the liquidation amount for Bitcoin short positions reached $218 million, far exceeding the long position liquidation of $11.225 million;

Ethereum also exhibited a similar trend, with short position liquidations reaching $115 million and long position liquidations at $20.9753 million. This distribution of data reflects that in the current market environment, short traders face significantly higher liquidation risks than long traders.

Statistics indicate that in the past 24 hours, a total of 179,086 traders globally encountered liquidations, a figure that fully illustrates the widespread impact of market fluctuations on a large number of investors.

Among these liquidation cases, the largest single liquidation occurred in the Aster-BTCUSDT trading pair, valued at $12.4072 million, highlighting the tremendous risks of high-leverage trading under extreme market conditions.

Overall, this large-scale liquidation event also serves as a reminder to investors that while participating in leveraged trading, they must pay more attention to risk control, set reasonable stop-loss levels, and avoid significant losses due to erroneous judgments in short-term extreme unilateral market conditions.

#加密货币 #爆仓数据

The second round of talks between the U.S. and Iran may take place this Thursday, with Islamabad and Geneva as alternative locations.

After failing to reach an agreement in the last round of negotiations, both sides are still in contact and are discussing the arrangements for holding the second round of face-to-face talks.

According to foreign media reports, U.S. government officials are internally discussing specific arrangements for holding the second round of talks before the temporary ceasefire agreement expires, and whether the talks can ultimately take place will depend on the progress of communications among the parties in the coming days.

Regarding the location of the talks, two main options are currently being considered. The capital of Pakistan, Islamabad, has again become a topic of discussion for hosting the talks, and Geneva in Switzerland has also been listed as a possible alternative location.

Sources reveal that before finally confirming Islamabad as the venue for the last negotiations, various alternative locations were considered, including Vienna, Austria, and Istanbul, Turkey, with Geneva and Islamabad now back on the list for consideration.

Although the specific timing of the talks has not yet been finalized, there are indications that the talks may take place on Thursday. However, according to reports from Russian News Agency's social media, the next round of "direct negotiations" between the U.S. and Iran may be held on the 16th in Islamabad.

It is noteworthy that both sides are making progress in their efforts to reach an agreement. A U.S. official disclosed that contacts between the U.S. and Iran are ongoing, and progress is being made towards reaching an agreement.

Additionally, according to informed sources, the U.S. and Iran may extend the existing ceasefire deadline by another two weeks based on the progress of communication in the coming days, to allow more time for subsequent negotiations.

Looking back at the last round of negotiations, the talks in Islamabad between the U.S. and Iran concluded on April 12, but no agreement was reached. The Iranian side indicated that the negotiations were conducted in an atmosphere of "distrust and suspicion," with differences existing on two or three important issues.

The U.S. side stated that it had very clearly outlined its "red lines," but the Iranian side did not accept the U.S. conditions. This background makes the upcoming second round of talks particularly significant.

#美伊第二轮谈判

The White House Chief Cryptocurrency Advisor is "cautiously optimistic" about the progress of the Clarity Act negotiations.

Recently, White House Chief Cryptocurrency Advisor Patrick Witt stated in a media interview that several controversies surrounding the Digital Asset Market Transparency Act (Clarity Act) are gradually being resolved.

Witt pointed out that despite the ongoing disagreements between banks and the cryptocurrency industry regarding stablecoin yields, substantive progress has been made behind the scenes in other areas of negotiation.

In an interview with reporters, Witt mentioned that the compromise reached by key bipartisan senators regarding stablecoin yields remains in effect. He hopes this compromise can be maintained for the long term, as resolving the yield issue is a prerequisite for addressing other outstanding matters.

Although bankers have successfully convinced some senators that stablecoin yields might pose a threat to the deposit base, Witt revealed that negotiations on several other fronts are also progressing simultaneously and have already made considerable advances.

Apart from the stablecoin yield issue, the Clarity Act also faces risks related to decentralized finance (DeFi) and the demands from Democrats to prohibit senior government officials from profiting in the cryptocurrency sector.

Although Witt did not disclose which specific topics have reached consensus, he remains optimistic about the overall progress. He stated that many previously thorny issues have now been resolved, giving him confidence to tackle the remaining challenges.

It is reported that the Clarity Act still needs to go through the committee hearing process before it can proceed to the final Senate vote. Although it was almost at this stage earlier this year, progress has been delayed due to opposition from banks.

Last week, the White House attempted to assuage the banking industry by releasing an economist's report stating that stablecoin yields would not pose a significant threat to banks, but the banking association responded on Monday, stating that the White House's arguments are unfounded.

Witt also mentioned that despite significant internal disagreements within banks regarding stablecoin yields, those who understand the technology tend to support stablecoins, while those who do not are concerned that stablecoins might threaten their interests. Nevertheless, these issues relate to the interests of bank members and must be taken seriously.

#ClarityAct

Digital asset funds saw an inflow of over $1.1 billion last week, setting a new weekly inflow record since early January.

Last week, global digital asset investment products recorded inflows of $1.118 billion, marking the largest weekly inflow since early January.

This strong performance was primarily attributed to the preliminary progress of the Iran ceasefire agreement, along with positive news driven by lower-than-expected U.S. spending and CPI data, which provided supportive factors.

Meanwhile, amid a backdrop of eased market sentiment and geopolitical conditions, the managed scale of digital asset investment products has rebounded to its highest level since early February.

In terms of country/region distribution, this wave of capital inflows was mainly concentrated in the U.S. market, with weekly inflows reaching $1.065 billion, accounting for 95% of the global weekly total inflow;

followed by the German market, which recorded an inflow of $34.6 million; while Canada and Switzerland saw relatively modest inflows of $7.8 million and $6.9 million, respectively.

In terms of specific digital assets, Bitcoin continued to record inflows of $872 million last week, bringing the cumulative inflow since the beginning of the year close to $2 billion.

However, market investors remain cautious about future trends. Last week, short Bitcoin products recorded an inflow of $20.2 million, the largest weekly inflow since November 2024, indicating a clear demand for hedging in the market.

Ethereum also saw a significant recovery last week, with weekly inflows reaching $196.5 million. Nevertheless, it remains one of the few assets that have seen net outflows this year.

Meanwhile, Ripple (XRP) had a weekly net inflow of $19.3 million; while Solana recorded a small outflow of $2.5 million, with other assets remaining relatively stable.

Despite the impressive inflows last week, trading volume increased by 13% week-on-week to $21 billion, but still far below the average level of $31 billion year-to-date, indicating that trading activity remains relatively sluggish;

This divergence between capital inflows and trading activity may suggest that the current market is driven more by institutional investors' allocation needs rather than active speculative trading demand.

#CoinShares #数字资产周报

The First Week After the Negotiation Breakdown: How Will Geopolitical Conflicts, Macroeconomics, and Corporate Earnings Data Influence the Cryptocurrency Market?

On Monday morning in Asia, the cryptocurrency market has already reacted to the breakdown of the U.S.-Iran negotiations over the weekend, with the total market value dropping by about $70 billion, falling to slightly below $2.4 trillion.

As a result, the price of Bitcoin briefly fell to $70,500; Ethereum also dropped below $2,200; most other altcoins returned all their gains from last week.

According to the market, President Trump is considering resuming "limited military strikes" against Iran, while the U.S. continues to enforce a blockade on the Strait of Hormuz.

Trump stated on Truth Social that Iran promised to reopen the Strait of Hormuz but knowingly failed to do so, causing anxiety, chaos, and suffering for many countries and people around the world.

He intensified his threatening rhetoric less than a week after the ceasefire began, stating that he would resume airstrikes at the "appropriate time" and claimed that the U.S. military is "fully prepared."

Meanwhile, all eyes are on the oil and stock markets' reactions to the weekend events. Crude oil prices have risen to around $104 per barrel, while stock index futures generally show a sluggish trend.

In terms of economic data, the most watched this week is the PPI inflation data for March, which will be released on Tuesday. Since last week's CPI already indicated that soaring energy prices are driving a significant rise in inflation, the PPI may further validate this trend.

Additionally, the Philadelphia Fed Manufacturing Index and initial jobless claims will be released on Thursday, along with ten speeches by Federal Reserve officials this week, all of which will set the tone for interest rate direction.

Currently, the market is generally concerned that if inflation rises again, it may force the Federal Reserve to restart interest rate hikes, which is not good news for crypto assets.

Furthermore, major Wall Street banks, including Goldman Sachs, JPMorgan Chase, Wells Fargo, and Citigroup, will successively release earnings reports this week. Investors will focus on their assessments of the macroeconomic outlook and the impact of rising oil prices on consumption and corporate profitability.

Overall, geopolitical conflicts, inflationary pressures, and the successive release of corporate earnings reports may collectively shape the trends in the cryptocurrency market this week, and investors need to remain vigilant and be prepared to cope with significant market fluctuations.

#宏观经济数据 #Earnings Season

The Trump family's cryptocurrency project is deeply mired in a crisis of trust, with Sun Yuchen accusing the WLFI project of hiding backdoor control rights

Recently, the cryptocurrency project World Liberty Financial (WLFI), associated with the Trump family, has been embroiled in a serious trust crisis among investors, accused of setting a backdoor in the token smart contract that allows the project team to arbitrarily freeze, restrict, or block users' access to funds.

The central figure in this controversy is Sun Yuchen, the founder of TRON, who has invested over $100 million in the project in two rounds but has become the first investor to claim that his wallet has been frozen.

Sun Yuchen publicly accused the WLFI project of hiding a blacklist function in the token contract, which allows the project party to freeze investors' funds at will, without any prior notice or explanation.

Affected by this negative news, the market reacted strongly to the controversy, with investors raising serious doubts about the project's transparency and security, and the WLFI token price has also seen a decline.

In a statement, Sun Yuchen severely criticized the WLFI project for treating users as "personal ATMs," accusing the project party of bypassing community governance procedures to implement fund control measures without investors' authorization.

Currently, the WLFI project has not formally responded to these accusations, but this controversy has sparked important discussions in the cryptocurrency community regarding project transparency and investor protection.

This event also highlights the importance of investors conducting due diligence, as even projects related to well-known political families may carry potential risks of backdoor control rights and excessive centralization.

This incident fully underscores the importance of investors conducting due diligence. Because even if a project is associated with a well-known political family, there may still be potential risks of backdoor control rights and excessive centralization.

The core of blockchain technology lies in decentralization and user asset autonomy. Once a project truly has a reserved control right backdoor at the smart contract level, it directly contradicts the core principles of DeFi.

In summary, investors should carefully review the project's smart contract code and governance structure before making investment decisions related to the project to effectively guard against potential fund security risks.

#孙宇晨 #WLFI

After the failure of the Middle East peace talks, Trump's 50% tariff threat depressed Bitcoin

After the Middle East peace talks were declared a failure, U.S. President Trump issued a series of tough statements, not only ordering a blockade of the Strait of Hormuz but also threatening to impose a 50% tariff on countries providing weapons to Iran, further pushing Bitcoin prices down again.

Trump posted on social media that the negotiations were progressing smoothly, with both sides reaching consensus on most issues except for nuclear weapons, while he emphasized that the nuclear issue was the only core topic.

After the talks broke down, Trump announced that the U.S. Navy would block all vessels passing through the Strait of Hormuz and ordered the Navy to search and intercept vessels paying tolls to Iran in international waters.

He stated that entities illegally paying tolls would be unable to safely navigate the high seas, and the U.S. would also clear the mines Iran has laid in the strait; any Iranian personnel firing at U.S. or peace vessels would face strong retaliation.

In another post, Trump accused Iran of failing to fulfill its promise to reopen the strait, causing “anxiety, chaos, and suffering for many people and countries around the world.”

Additionally, Trump had previously warned that if any country was found to be providing weapons to Iran, the U.S. would impose a 50% tariff on the relevant country.

As a result of the failure of the Middle East negotiations, Bitcoin prices were significantly pressured down yesterday. After U.S. Vice President Pence announced that the two sides had failed to reach an agreement, Bitcoin dropped more than $2,000 within minutes;

and following the spread of Trump's related statements, cryptocurrency prices once fell below $71,000, hitting a multi-day low. Analysts believe that market volatility is expected to significantly increase after the opening of the traditional futures market tonight, particularly in the oil futures sector.

#比特币 #tariff

CFTC Chairman says it will continue to defend the agency's "exclusive regulatory authority" over prediction markets

Recently, CFTC Chairman Mike Selig stated at the Vanderbilt University Digital Assets Summit that the agency will continue to defend its "exclusive regulatory authority" over prediction markets in court.

Selig emphasized that whether in sports, politics, or other areas, any derivative products legally offered on exchanges under CFTC regulation fall under federal regulatory jurisdiction, and states have no authority to regulate using gambling laws instead of federal derivative laws.

This statement is closely related to CFTC's current legal actions. The agency is suing the states of Arizona, Illinois, and Connecticut, clearly asserting that CFTC has exclusive regulatory authority in the commodity derivatives market.

Selig pointed out that a recent ruling from the Third Circuit Court further supports CFTC's view that prediction markets should be regarded as derivative products under the Commodity Exchange Act, rather than as gambling services within state regulatory jurisdiction.

On the legal basis, Selig referenced the Dodd-Frank Act, stating that CFTC not only has the authority to regulate swap contracts but can also prohibit contracts related to war, terrorism, assassination, gambling, and other illegal activities based on public interest considerations.

Selig also stressed that even if relevant contracts need to undergo a public interest review, the regulatory authority remains exclusively with CFTC.

Currently, CFTC is clarifying its regulatory framework for prediction markets through a formal rulemaking process. Selig expressed that the agency is open to relevant regulatory suggestions and will conduct careful research based on the provisions of the Dodd-Frank Act.

Additionally, he mentioned that CFTC will collaborate with the Securities and Exchange Commission (SEC) to review the final interpretive guidance released last month to ensure both parties maintain consistent positions on digital asset regulation.

#CFTC

Ceasefire turns into blockade: Trump's blockade of the Strait triggers oil prices, and the market may face a double test before the earnings season

On April 13, the talks between the U.S. and Iran in Pakistan lasted for over 20 hours but ultimately failed to reach an agreement. Trump immediately ordered the U.S. Navy to blockade the Strait of Hormuz, intercepting all ships paying tolls to Iran and threatening to resume limited military strikes against Iran.

On Monday, April 13, WTI crude oil opened significantly higher, up over 9%, and at one point surged over 10% to above $105; Brent crude futures reached a high of $103. Meanwhile, the three major U.S. stock index futures opened more than 1% lower, the dollar strengthened, and spot gold retraced all gains from the previous week.

This escalation directly slapped the investors who rushed into risk assets after the ceasefire was announced last week. Elias Haddad, the global market strategy director at Brown Brothers Harriman, bluntly stated that Trump's blockade would "certainly reignite risk aversion this week."

Complicating matters, the first quarter U.S. earnings season will officially kick off this week. Investors are currently focusing on two major market risks: whether soaring oil prices will drive up costs and erode profits, and whether consumers will start tightening their wallets due to rising energy prices.

Overall, the market this week will face a dual pressure test of "geopolitical + earnings performance." First, the significant rise in oil prices directly affects inflation expectations and consumer confidence;

Second, the earnings data will test whether corporate profits can withstand this round of impact, especially in sectors sensitive to oil prices such as aviation, logistics, and retail.

If most U.S. companies lower their profit expectations for the future during the earnings season, the market, which previously rebounded due to the ceasefire from geopolitical conflicts, may very likely see a downturn again.

#U.S. earnings season

The net inflow of the U.S. BTC and ETH spot ETFs this week approaches $1 billion, with BlackRock's products leading the net inflow

According to SosoValue data, the U.S. BTC spot ETF recorded a net inflow of $786 million this week, marking two consecutive weeks of total net inflow;

Among them, BlackRock's IBIT and Fidelity's FBTC led the net inflow rankings with $612 million and nearly $152 million, respectively;

Next are Grayscale's BTC, Bitwise's BITB, and ARK 21Shares' ARKB, which recorded single-week net inflows of $26.66 million, $25.05 million, and $18.33 million, respectively;

Following them are Valkyrie BRRR and Franklin EZBC, with single-week net inflows of $2.32 million and $2.08 million, respectively;

However, Grayscale's GBTC and VanEck's HODL recorded single-week net outflows of $52.99 million and $13.78 million, respectively;

As of now, the total net asset value of the Bitcoin spot ETF is $94.96 billion, accounting for 6.47% of Bitcoin's total market value, with a cumulative net inflow of $56.74 billion.

In the same week, the U.S. Ethereum spot ETF recorded a net inflow of $187 million, marking the first week of total net inflow since April;

Among them, BlackRock's ETHA and ETHB led the net inflow rankings with $168 million and $66 million, respectively;

Next are Grayscale's ETH and 21Shares' TETH, which recorded single-week net inflows of $18.44 million and $2.30 million, respectively;

Notably, Fidelity's FETH, Grayscale's ETHE, and Franklin's EZET recorded single-week net outflows of $62.13 million, $4.22 million, and $1.68 million, respectively;

As of now, the total net asset value of the Ethereum spot ETF is $12.96 billion, accounting for 4.76% of Ethereum's total market value, with a cumulative net inflow of $11.67 billion.

#比特币ETF #以太坊ETF

The U.S. BTC and ETH spot ETFs saw a cumulative net inflow of $305 million on Friday, with BlackRock's products leading the capital inflow.

On April 11, according to the latest data from Farside, the U.S. BTC spot ETF had a net inflow of $240 million yesterday, marking the third day of total net inflows this week; there were no BTC ETFs with net outflows yesterday.

Among them, BlackRock's IBIT and Fidelity's FBTC topped the inflow list with nearly $138 million and $78 million, respectively.

Next were Bitwise BITB and Grayscale BTC, with single-day net inflows of $9.5 million and $9.1 million, respectively.

Ark 21Shares ARKB and VanEck HODL recorded single-day net inflows of $3.6 million and $2.6 million, respectively.

On the same day, the U.S. Ethereum spot ETF recorded a net inflow of $64.9 million, also marking the third day of total net inflows this week.

Among them, BlackRock's ETHA and ETHB had net inflows of $53.7 million and $8.1 million, respectively, leading the inflow chart; next was 21Shares TETH with a single-day net inflow of $3.7 million.

However, Fidelity's FETH had a net outflow of $600,000, making it the only ETH ETF with a net outflow yesterday.

In summary, from the market structure perspective, investors seem to prefer well-known and highly liquid products like those from BlackRock, and this "head effect" may further exacerbate market differentiation.

From the perspective of the sustainability of capital flow, the ETF market recorded its third day of net inflows this week, indicating that institutional investors tend to use cryptocurrency ETFs as a hedge against inflation, particularly after the release of inflation data.

#比特币ETF #Ethereum ETF

Binance employee relocation report causes controversy, CZ clarifies and supports the UAE

Recently, according to various media and personal social media accounts, Binance, the world's largest cryptocurrency exchange, has provided options for employees in the UAE to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur, and Bangkok due to regional tensions. Some reports interpreted this as Binance's large-scale employee transfer, even negatively speculating about the UAE. In response, Binance founder Zhao Changpeng (CZ) posted on the X platform to clarify the related reports.

CZ explicitly stated that the news reports regarding Binance's "relocation benefits" are misleading, and fundamentally, it is another attempt to negatively smear the UAE, a tactic that is no longer new. He emphasized that Binance has long provided employees with flexible work location options and will offer reasonable relocation benefits based on actual circumstances, a policy that he has mentioned in his book and is not a special arrangement for this situation.

At the same time, CZ publicly supports the UAE, stating that it remains one of the safest countries in the world, with safety far surpassing many popular tourist countries. He also revealed that he might hold a book signing event in Dubai soon to convey confidence in the UAE market.

Binance had previously explained the relocation matter, emphasizing that providing temporary relocation options for employees is a precautionary measure centered on employees, aimed at offering flexibility and support during uncertain times. As a company that prioritizes remote work, Binance is fully capable of ensuring employees' work and life arrangements without affecting normal operations.

Overall, the core of this controversy lies in some media deliberately interpreting Binance's regular flexible working policy as a "mass evacuation from the UAE" to create negative public opinion. CZ's response not only clarified the facts but also stabilized market confidence in Binance and the UAE cryptocurrency industry through his statements and book signing arrangements.

#币安 #CZ

The U.S. March CPI surged significantly, while Bitcoin prices did not rise dramatically.

As the situation of the U.S.-Iran war continues to ferment, market concerns about the trend of U.S. inflation are intensifying. Experts previously predicted that the consumer price index (CPI) in the U.S. would see a significant spike due to the impact of the war.

Meanwhile, the highly anticipated CPI data for March was officially released last night, marking the first complete month of inflation data since the outbreak of the U.S.-Iran war. The results were also highly consistent with market expectations, showing a significant rise in U.S. inflation rates.

Looking back at the previous inflation performance, the U.S. inflation data for February largely met market expectations, with a year-on-year increase of 2.4% and a month-on-month increase of 0.3%. At that time, the data had not yet been significantly affected by the direct impact of the U.S.-Iran war, and the inflation trend was relatively stable;
but entering March, the inflation situation changed significantly. Data released last night indicated that the monthly CPI increase expanded significantly to 0.9%, far exceeding the market performance in February;

While the actual published value of the core CPI (year-on-year) for March in the U.S. was 2.6%, instead of the market forecast of 2.7%, indicating that core inflation remains relatively controllable.

According to market analysis, the significant rise in CPI this time, influenced by the U.S.-Iran war, was primarily driven by the energy sector, due to a substantial spike in fuel costs, which contributed the most to the CPI increase for the month, becoming a key factor driving inflation upward.

Before the March CPI data was released, Bitcoin prices remained stable, hovering around $72,000; however, after the data was officially announced, prices did experience fluctuations but did not see a significant drop, currently still trading above the $72,500 range.

This market performance is also consistent with the previous statement made by the Federal Reserve Chairman. Powell stated that the Federal Reserve is unlikely to cut interest rates in the coming months before seeing further cooling of inflation, and the market has formed a consensus expectation, which has also influenced the price trend of Bitcoin.

#CPI

The Hong Kong Monetary Authority (HKMA) has issued the first batch of licenses for stablecoin issuers, with HSBC and Standard Chartered Bank prominently included.

On April 10, the HKMA announced that it officially granted stablecoin issuer licenses to Anchor Financial Technology Limited and Hongkong and Shanghai Banking Corporation Limited, effective on the same day, under the "Stablecoin Ordinance" (Cap. 656).

It is worth noting that Anchor Financial Technology is a joint venture established by Standard Chartered Bank (Hong Kong) Limited, HKT Limited, and Animoca Brands Limited.

According to the plans of these two licensed institutions, they expect to officially commence stablecoin issuance operations in the coming months after completing various internal preparations. Among them, the license number for Standard Chartered Bank is FRS01, and the license number for HSBC is FRS02.

HKMA President Eddie Yue stated that the regulatory framework established by the HKMA aims to create a regulated and orderly operational environment for stablecoin issuers, laying a solid safety foundation for industry development and promoting the healthy, responsible, and sustainable growth of Hong Kong's stablecoin ecosystem.

The HKMA has set up a licensed record book for stablecoin issuers on its official website, which contains the latest detailed list of licensees and related information. This initiative provides the public with a convenient channel for inquiries, ensuring the transparency and accessibility of market information.

The public needs to maintain necessary vigilance when participating in the stablecoin market. To verify the legitimate identity of an issuer, one can refer to the record book provided by the HKMA to ensure that their rights and interests are effectively protected.

#香港金管局 #稳定币牌照

Over $2.2 billion in BTC and ETH options are expiring today, with limited impact on the spot market

On April 10th, approximately 26,592 Bitcoin options contracts are set to expire, with a nominal value of $1.9 billion. This expiration size is relatively small, similar to last week, and is expected to have limited impact on the spot market.

From the options structure, the put/call ratio for contracts expiring this week is 0.72, with more bullish positions than bearish. Data from Deribit shows that the maximum pain point is around $69,000, below the spot price, and many contracts may expire in an in-the-money loss state.

In terms of market sentiment, traders are buying short-term call options and various bullish structures while selling or rolling over put options, adjusting the strike prices upward, reflecting a more optimistic outlook.

At the same time, approximately 150,071 Ethereum contracts will also expire, with a nominal value of $337 million and a maximum pain point of $2,050, with a put/call ratio of 0.77.

Analysts believe that although the macro environment is full of uncertainty, multiple signals indicate that Ethereum is slowly improving, suggesting that signs of recovery are emerging in the Ethereum derivatives market.

Regarding market conditions, during today's early Asian session, Bitcoin briefly topped $73,000, up 7% over the past seven days, but remains in a range-bound fluctuation with strong resistance above.

Ethereum has maintained its gains for the week, trading slightly below $2,200 at the time of writing. Altcoins remained largely flat for the day, mostly still near bear market lows.

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